WFS14-0284

100+/- net mineral acres and vacant land in Monroeville Township, Allegheny County, Pennsylvania. This acreage is leased with Actago Corporation at 14%, gross. 7 shallow wells are drilled on this acreage and the owner is receiving royalties of $2,400 annually. The owner will sell vacant land or oil, gas and mineral rights separately.

This 100+/- acres of residential land is comprised of 7 parcels and has been approved for 667 unit (275 townhouses and 392 multi-family units) Secluded with 1,800 feet of frontage on Tilbrook and Pitcairn Road. Adjacent to Monroeville Community Park and just 2 miles from UPMC East, 2 miles from Miracle Mile Shopping Center and 3.4 miles from the Monroeville Mall; this property is near many consumer amenities and is waiting to be developed.

The map on the front page shows production activity within a 13 mile radius of this acreage. The most notable well in this area is the CNX Gas Company Gaut well which is averaging 14.93 MMcf/d. To the south of the Gaut well, CNX Gas Company has 1 producing well at the Mamont South Unit that is averaging 3.50 MMcf/d and 1 well at the Kuhns Unit that is averaging 3.66 MMcf/d. Apex Energy has 2 producing wells to the south that are averaging 7.08 MMcf/d